Be careful on merchant discounts, they may cost you in higher income taxes.
That is the implicit message in a new notice that TD Bank (the American subsidiary of Toronto Dominion) sent its customers...
...
"A 1099-Misc Form will be sent...

Two court actions in Wisconsin, one of them now before the Seventh Circuit, open a rare window into corporate tax compliance. These actions raise questions about IRS competence in audits and reveal big holes in federal laws to encourage and protect whistleblowers...

The incomes of the top 400 American households soared to a new record high in dollars and as a share of all income in 2007, while the income tax rates they paid fell to a record low, newly disclosed tax data show.
...
The long-term data show that...

Will President Obama cave on yet another of his campaign promises, this time by giving in to Republican demands to extend all of the temporary Bush tax cuts? The president signaled this on his Asia trip when he said his principal concern was retaining...

... In 2007 Senator Barack Obama, through a spokeswoman, called the AMT " outdated and in need of sustainable, long-term reform. He looks forward to working in a bipartisan fashion to reform the AMT in the future ." In his first budget for fiscal...

The total real property assessment rolls fell this year in 13 of California's 15 most populous counties, new data show, as two trends merged with ominous long-term implications for the Golden State's ability to finance education and local government...

... [V] oters seem not to care so much about tax cutting anymore. And the strongest evidence of that is in New Jersey. The latest Quinnipiac University poll shows Christie has a 74 percent approval rating. This adoration for a Republican governor is in...